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Profitable Engineering Firm SBA Pre Approved for Sale in Coastal North Carolina
| Reference #: |
41720022
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| Location: |
Coastal North Carolina
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| Price: |
$1,500,000 |
| Amount Down: |
$280,000 |
| Revenues: |
$1,082,931 |
| Discretionary Earnings: |
$525,472 |
| Total Assets: |
$85,161 |
| Business Description: |
This successful design and engineering firm was established in 1985. A highly profitable company that has many attributes which have defined it's success over many years. The firm specializes in heating and air conditioning, electrical, plumbing, and industrial design and energy studies. The firm provides highly specialized services to housing authorities by calculating tenant's electrical, natural gas, water and sewer bills. The closest competitor offering these services is located in Knoxville Tennessee, almost 500 miles away. The firm has diversified in the following ways to ensure continued growth through the past 25 years:
Housing Authority energy studies, utility allowances and design work for new dwellings and renovations.
Nursing homes and assisted living facilities. They have designed over 150 facilities to date.
Shopping centers and full designs of a major grocery store chain.
Office buildings and other similar projects.
High rise condos and apartment buildings
Heavy industrial and commercial projects.
Medical facilities, including doctor's offices and surgical centers.
The firm has a high profile in the Medical field and the Housing Authority community. They attend many Housing Authority conventions and as a result, they have a good working relationship with over 60 Housing Authorities in North and South Carolina. The firm has been pre-approved for a SBA loan by Wells Fargo Bank. With only a 15% down payment, this is an excellent opportunity to purchase a well established and profitable engineering firm. The owner is committed to remaining with the firm for an agreed period following the sale to |
Contact Us About This Business For Sale
The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business. |
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